In the wake of the MF Global’s bankruptcy, the Wall Street Journal blog Deal Journal put together a great list of the 10 biggest Chapter 11 filings in U.S. history.
Hedge funds reported their first quarter 2010 long holdings yesterday.
David Einhorn’s Greenlight bet big on CIT group last quarter.The fund owned around 6.3 million in the 4th quarter and last quarter, Q1, Greenlight bought up 4 million more shares to bring his total to around 10 million shares worth ~$420 million.
Pretty much any company that was a recipient of TARP money or filed for bankruptcy is kicking arse and taking names today. Shares of American International Group (AIG) are up 2.5% to $34.45 a share. Fannie and Freddie are both enjoying rock solid gains. Freddie Mac (FRE) is up 6.75% […]
CIT made two important moves yesterday.